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Trump Raises Tariffs to 15%, Sparks Global Market Concerns

2/23/2026

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Summary

Story summary

U.S. President Donald Trump announced a tariff increase from 10% to 15% on nearly all US imports, effective Tuesday for 150 days.
The tariffs follow a Supreme Court ruling that invalidated Trump's previous levies.
Japan, China, and Hong Kong are cautiously assessing the implications.
Jimmy Ng Wing-ka of the Chinese Manufacturers’ Association says the tariffs could harm American investment.
The tariffs prompt Hong Kong to diversify its markets.

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Story summary

U.S. President Donald Trump announced a tariff increase from 10% to 15% on nearly all US imports, effective Tuesday for 150 days.
The tariffs follow a Supreme Court ruling that invalidated Trump's previous levies.
Japan, China, and Hong Kong are cautiously assessing the implications.
Jimmy Ng Wing-ka of the Chinese Manufacturers’ Association says the tariffs could harm American investment.
The tariffs prompt Hong Kong to diversify its markets.